Twin Focus Analyst Weighs in on Economy in Wake of OPEC Production Cuts
Paul Karger, co-founder and managing partner of TwinFocus, joined Cheddar News to discuss the market impact from OPEC's production cuts and how investors could navigate volatility, given the current economic environment.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
